Anonymous wrote:Anonymous wrote:Anonymous wrote:People retiring will not take this deal. You do not get TSP matching or accrue leave while in a non pay status such as administrative leave. There is no benefit to a "deferred resignation"
Good point.
No it's not. Admin leave is paid leave.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It’s not a buyout. I hope that most feds will be smart enough to realize this and not take it.
This. It's "we will continue to allow you to work from home until September, at which time you will 'resign.' We may place you on leave during that time, but no guarantees."
The only people this is good for are those who were planning on quitting/retiring before September anyway, or those who truly can't do a commute for logistical reasons, and will use the 8 months to find a new job (while still working).
Yep, the only people I know who are entertaining it have one foot out the door already.
Anyone know what percentage of the fed workforce turns over each year anyway? Is a change of party inauguration year typically higher? Seems like that should be the baseline for measuring whether this did anything. Depending on the details, most who were going to leave anyway might take this carrot. Doesn't seem out of the ballpark that 5-10% would turn over in a new administrations first year (including retirements). Maybe more.
that’s people retiring. Nobody retiring is going to respond to this without knowing exactly how it impacts their retirement. People plan years to retire. If you want to move people along to retire you offer actual buy-outs, which this is not.
Yeah. I agree that no one should take the deal without understanding the exact details. But I know several who were already planning to retire in the next month or two who will see what the details are. If it turns out they can take this and get paid the rest of the FY instead of the two months they were planning then they might take it. If so, they'd show up as a "win" for this program when really they were going to be gone anyway as part of the natural process.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It’s not a buyout. I hope that most feds will be smart enough to realize this and not take it.
This. It's "we will continue to allow you to work from home until September, at which time you will 'resign.' We may place you on leave during that time, but no guarantees."
The only people this is good for are those who were planning on quitting/retiring before September anyway, or those who truly can't do a commute for logistical reasons, and will use the 8 months to find a new job (while still working).
Yep, the only people I know who are entertaining it have one foot out the door already.
Anyone know what percentage of the fed workforce turns over each year anyway? Is a change of party inauguration year typically higher? Seems like that should be the baseline for measuring whether this did anything. Depending on the details, most who were going to leave anyway might take this carrot. Doesn't seem out of the ballpark that 5-10% would turn over in a new administrations first year (including retirements). Maybe more.
that’s people retiring. Nobody retiring is going to respond to this without knowing exactly how it impacts their retirement. People plan years to retire. If you want to move people along to retire you offer actual buy-outs, which this is not.
Anonymous wrote:Anonymous wrote:People retiring will not take this deal. You do not get TSP matching or accrue leave while in a non pay status such as administrative leave. There is no benefit to a "deferred resignation"
Good point.
Anonymous wrote:Anonymous wrote:Anonymous wrote:No one with any sense is going to take an option to immediately resign at a later date in order to work remotely for a few months.
If I had less than a year as a fed I would start looking for another job, but otherwise it makes no sense.
The memo sounded like someone high on drugs and AI wrote it.
https://www.wsj.com/business/elon-musk-illegal-drugs-e826a9e1
This deserves it's own thread, and a summary for us poors.
Elon Musk Has Used Illegal Drugs, Worrying Leaders at Tesla and SpaceX
Some executives and board members fear the billionaire’s use of drugs—including LSD, cocaine, ecstasy, mushrooms and ketamine—could harm his companies
Anonymous wrote:Anonymous wrote:Anonymous wrote:No one with any sense is going to take an option to immediately resign at a later date in order to work remotely for a few months.
If I had less than a year as a fed I would start looking for another job, but otherwise it makes no sense.
The memo sounded like someone high on drugs and AI wrote it.
https://www.wsj.com/business/elon-musk-illegal-drugs-e826a9e1
This deserves it's own thread, and a summary for us poors.
Elon Musk Has Used Illegal Drugs, Worrying Leaders at Tesla and SpaceX
Some executives and board members fear the billionaire’s use of drugs—including LSD, cocaine, ecstasy, mushrooms and ketamine—could harm his companies
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:The "buy out" is an Elon Musk troll. There is a reason you only have until 2/6 to take it, and it's because everyone who takes a deferred resignation will just get let go without pay. Musk is going to then brag about getting rid of the 5-10% laziest feds who thought they would actually get paid to do nothing.
Getting 10% reduction in Fed headcount will absolutely be considered a triumph. Especially if it was voluntary. Assume 7% voluntary buy outs (not uncommon in the private sector) and another 8% involuntary reduction, altogether 15% reduction in workforce. If output does not decrease, it is without question a victory for the Trump administration. Although privately suspect they are looking at more than 15%. Probably 25%.
I listen to a few Democrats and some have said there's fat that can be trimmed in the bureaucracy so you may be surprised by the relatively minimal opposition.
For the millionth time - this is NOT a buy out. It’s an absurdly shady and illusory offer.
It doesn't matter what you think. The terminology being used is quite clear. They're calling it a voluntary buy out because people in the private sector are familiar with the term. Getting hung up over terminology is pedantic. The Administration's goal is clear: they want to reduce the size of the Federal bureaucracy and will do it one way or another.
It doesn't mean all Feds are losing their jobs. Most, in fact, will not. Just like most people didn't lose their jobs during the great recession or any other major recessions. But it's realistic to assume that between the reduction in headcount either by fiat or voluntary, cancellation of unfilled roles and eliminating a significant number of federal spending and projects, there will be overall trimming of the workforce.
No, people in the private sector would not understand this to be a buyout as the only company that pulled a stunt like this was Twitter. What the private sector understands as a buy out is specifically drawing up a contract explaining exactly what you will be paid and what you will be expected to do.
You’re joking right? Or are you an idiot? Private sector does this literally all the time. Please don’t take the buyout, you’ll 100% get fired and we as taxpayers won’t need to pay morons until September.
Anonymous wrote:Anonymous wrote:No one with any sense is going to take an option to immediately resign at a later date in order to work remotely for a few months.
If I had less than a year as a fed I would start looking for another job, but otherwise it makes no sense.
The memo sounded like someone high on drugs and AI wrote it.
https://www.wsj.com/business/elon-musk-illegal-drugs-e826a9e1
Anonymous wrote:No one with any sense is going to take an option to immediately resign at a later date in order to work remotely for a few months.
If I had less than a year as a fed I would start looking for another job, but otherwise it makes no sense.
The memo sounded like someone high on drugs and AI wrote it.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:The "buy out" is an Elon Musk troll. There is a reason you only have until 2/6 to take it, and it's because everyone who takes a deferred resignation will just get let go without pay. Musk is going to then brag about getting rid of the 5-10% laziest feds who thought they would actually get paid to do nothing.
Getting 10% reduction in Fed headcount will absolutely be considered a triumph. Especially if it was voluntary. Assume 7% voluntary buy outs (not uncommon in the private sector) and another 8% involuntary reduction, altogether 15% reduction in workforce. If output does not decrease, it is without question a victory for the Trump administration. Although privately suspect they are looking at more than 15%. Probably 25%.
I listen to a few Democrats and some have said there's fat that can be trimmed in the bureaucracy so you may be surprised by the relatively minimal opposition.
For the millionth time - this is NOT a buy out. It’s an absurdly shady and illusory offer.
It doesn't matter what you think. The terminology being used is quite clear. They're calling it a voluntary buy out because people in the private sector are familiar with the term. Getting hung up over terminology is pedantic. The Administration's goal is clear: they want to reduce the size of the Federal bureaucracy and will do it one way or another.
It doesn't mean all Feds are losing their jobs. Most, in fact, will not. Just like most people didn't lose their jobs during the great recession or any other major recessions. But it's realistic to assume that between the reduction in headcount either by fiat or voluntary, cancellation of unfilled roles and eliminating a significant number of federal spending and projects, there will be overall trimming of the workforce.
No, people in the private sector would not understand this to be a buyout as the only company that pulled a stunt like this was Twitter. What the private sector understands as a buy out is specifically drawing up a contract explaining exactly what you will be paid and what you will be expected to do.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:The "buy out" is an Elon Musk troll. There is a reason you only have until 2/6 to take it, and it's because everyone who takes a deferred resignation will just get let go without pay. Musk is going to then brag about getting rid of the 5-10% laziest feds who thought they would actually get paid to do nothing.
Getting 10% reduction in Fed headcount will absolutely be considered a triumph. Especially if it was voluntary. Assume 7% voluntary buy outs (not uncommon in the private sector) and another 8% involuntary reduction, altogether 15% reduction in workforce. If output does not decrease, it is without question a victory for the Trump administration. Although privately suspect they are looking at more than 15%. Probably 25%.
I listen to a few Democrats and some have said there's fat that can be trimmed in the bureaucracy so you may be surprised by the relatively minimal opposition.
For the millionth time - this is NOT a buy out. It’s an absurdly shady and illusory offer.
It doesn't matter what you think. The terminology being used is quite clear. They're calling it a voluntary buy out because people in the private sector are familiar with the term. Getting hung up over terminology is pedantic. The Administration's goal is clear: they want to reduce the size of the Federal bureaucracy and will do it one way or another.
It doesn't mean all Feds are losing their jobs. Most, in fact, will not. Just like most people didn't lose their jobs during the great recession or any other major recessions. But it's realistic to assume that between the reduction in headcount either by fiat or voluntary, cancellation of unfilled roles and eliminating a significant number of federal spending and projects, there will be overall trimming of the workforce.
No, people in the private sector would not understand this to be a buyout as the only company that pulled a stunt like this was Twitter. What the private sector understands as a buy out is specifically drawing up a contract explaining exactly what you will be paid and what you will be expected to do.